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Mayor Ed Lee responded to the shortage by calling for the construction of 30,000 new housing units by 2020, and proposing a $310 million city bond to fund below-market-rate housing units. [36] The goal of 30,000 new units was approved by San Francisco voters in 2014's Proposition K, [ 37 ] and the affordable housing bond was passed in 2015 as ...
The five-year housing market outlook, ... Real estate forecasts for the next 5 years. ... Focus on your local area. Real estate is hyper-localized, varying greatly not just by region or state but ...
The housing market is shaping up for some interesting changes. Although no one has a crystal ball, experts are sharing predictions about what could happen. Read Next: 25 Places To Buy a Home If You...
The Fannie Mae/Pulsenomics forecast calls for a 3.8% gain. Zillow forecasts 2.6% home value growth in 2025. The Mortgage Bankers Association expects a gain of just 1.5%.
The housing market in Q1 2025 is unlikely to bring lower home prices. ... 2025 Q1 housing market trends: The forecast is chilly. Erik J. Martin. ... This would be good news for a positive start to ...
The shortage is statewide; from 2010 to 2017, the state added one new housing unit for every five new residents, and is pronounced in employment centers such as the Bay Area and Los Angeles. [ 14 ] : 1 [ 15 ] In 2023, housing affordability in California reached a 16-year low, with only about 16% of homebuyers able to purchase a median-priced ...
🏡 Key housing market stats The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high
With that information in hand, the real estate marketplace tracker Zillow has drafted a housing market forecast for 2025, selecting the 50 cities expected to have the most prosperous housing sales ...